Jumbo Kids Savings Account

Jumbo Kids Savings Account - KVB

It is never too early to start the Savings Habit. That’s why KVB offers the KVB Jumbo Kids SB Account. It provides an ideal start for your children not only to understand the value of money but also ways to handle it responsibly.

Benefits and Features
  • For children upto the age of 12 years
  • Account opened in the name of the child with the natural guardian as the authorized signatory
  • No minimum balance requirement
  • Free Visa backed ATM Card
  • Free attractive Jumbo Doll
Charges and Limits
Who can open Children upto the age of 12 years.  A/c will be opened in the name of the minor with the natural guardian as Authorized Signatory.
Minimum Balance No Stipulation
Interest Payable As applicable to Savings Bank account on daily balance method
Cash Remittance No floor.  Ceiling of ` 10000/- per day for remittance.   But remittance should be accepted at base branch only
Charges for cash remittance Exceeding the ceiling will not be permitted and hence not applicable.
Withdrawals Permitted only through ATM.
ATM Card Issue of VISA Debit card; No charge on issue as well as no AMC
POS transactions Permitted
Internet and Mobile Banking Not permitted
Cheque Book Not permitted.  Withdrawal only through ATMs.
Doll Free on opening account.

KYC Documents for opening an Account
Service Charges

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